Atlanta Real Estate
Homeownership Tax Benefits Must Be Preserved, Say Realtors®
Any changes to the mortgage interest deduction now or in the future could threaten recent progress toward stabilizing the housing market, critically erode home prices and values, destroy middle-class wealth accumulation and hurt economic growth.
www.markspain.com
Call Mark Spain Today 770-886-9000

Atlanta Real Estate
Exiting Homes Sales rise for second month in a row.
Pending home sales increased in June following a wide swing down in April and then up in May, according to the National Association of Realtors®. Activity increased in the West and South but declined in the Midwest and Northeast; all regions show strong double-digit gains from a year ago. www.realtor.org/press_room/news_releases/2011/07/rise_june

Atlanta Real Estate Shoirt Sales:
Major Lenders Offering Perks on Short Sales
The nation's leading mortgage lenders are extending extras for short sale transactions employed as an alternative to foreclosure - both in the form of monetary incentives for borrowers and streamlined procedures for real estate agents. http://ping.fm/t4KOU

Atlanta Georgia Real Estate
Conforming Non-Conforming FHA VA
30 Year Fixed 4.5% 5.25% 4.375% 4.375%
15 Year Fixed 3.75% 4.50% 4.000% 4.000%
10 Year ARM 3.875% 4.5%
7 Year ARM 3.375% 3.875%
5 Year ARM 3.0% 3.5% 3.25% 3.5%

Call Mark Spain Today 770-886-9000
www.markspain.com

Atlanta Real Estate
Mortgage Update:
Loan type Conventional FHA Jumbo

30-year 4.5% 4.375% 5.25%

15-years 3.75% 4.0% 4.875%

5-year ARM 3.0% 3.125% 3.5%
www.markspain.com/atlanta
Call Mark Spian Today 770-886-9000

Atlanta Georgia Real Estate
Homeowners in Denial About Value of Properties
Sellers who bought their houses before the bubble, and those who bought during the big run-up in home values, are overpricing their homes. Those who bought before 2002 are pricing their homes roughly 12 percent over market value, while those who bought from 2002-06 price them about 9 percent over market value.
www.markspain.com/atlanta

Atlanta Georgia Real Estate
Loan type Conventional loans FHA loans Jumbo loans

30-year 4.5% 4.5% 4.75%

15-year 3.5% 4.0% 4.125%

5-year ARM 2.75% 3.25% 3.375%

Atlanta Real Estate-Housing Market
Home sales are expected to outpace 2010 sales by 3 to 5 percent for the remainder of 2011 as the housing market follows the overall economy, according to Freddie Mac.
www.markspain.com/atlanta
Call Mark Spain Today 770-886-9000

Atlanta Real Estate News
www.markspain.com
http://ping.fm/DkUGj

Atlanta Georgia Real Estate
Foreclosure Rates Decline!
The number of foreclosure filings for the second quarter of this year were the lowest reported since the fourth quarter of 2007, according to RealtyTrac. June was the ninth consecutive month in which foreclosure activity declined on a year-over-year basis.
www.markspain.com/atlanta
Call Mark Spain today 770-886-9000

Atlanta Real Estate
www.markspain.com/atlanta
Loan type Conventional loans FHA loans Jumbo loans

30-year 4.375% 4.25% 4.75%

15-year 3.5% 4.0% 4.125%

5-year ARM 2.75% 3.25% 3.375%

Atlanta Georgia Real Estate
www.,markspain.com/atlanta
Foreclosure Sales Decline Second Straight Month, while foreclosure starts increased, according to HOPE NOW's monthly mortgage industry data for May 2011. Foreclosure sales nationwide decreased 7 percent from 73,000 in April to 68,000 in the month of May, according to HOPE NOW's data.http://ping.fm/7LzPe

Atlanta Georgia Real Estate Interest Rate Update
www.markspain.com

Conventional:
30yr- 4.625%
15yr- 3.875%
5yr ARM- 2.875%

FHA:
30yr- 4.5%
15yr- 4.0%
5yr ARM- 3.25%

Jumbo:
30yr- 5.0%
15yr- 4.125%
5yr ARM- 3.375%

Atlanta Georgia Real Estate Interest Rate Update
www.MarkSpain.com
Conventional Loans
30yr- 4.625%
15yr- 3.75%
5-yr ARM- 2.875%

FHA Loans
30yr- 4.5%
15yr- 4.0%
5-year ARM- 3.25%

Jumbo Loans
30yr- 5.0%
15yr- 4.125%
5-Yr ARM- 3.375%

Atlanta Real Estate
Fannie Mae's Serious Delinquencies Decline for 15th Straight Month
http://ping.fm/N7SIX
Call Mark Spain Today 770-886-9000
http://ping.fm/9oekV

Atlanta Real Estate
Pending home sales rose strongly in May with all regions experiencing gains from a year ago, pointing to higher housing activity in the second half of the year, according to the National Association of Realtors®.
http://ping.fm/263UQ
For more Informations call Mark Spain today 770-886-9000